Determinants of the Adoption of the International Financial Reporting Standards: The Case of Taiwan

• Main Authors: Wan-Yu Chen, 陳琬瑜
• Other Authors: Rong-Ruey Duh
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/38576091246179399188

碩士 === 國立臺灣大學 === 會計學研究所 === 92 === This thesis examines the impediments and facilitators of adopting the International Financial Reporting Standards (IFRS) in Taiwan. Questionnaires were mailed to 320 accounting managers of listed companies, 130 auditors of Big 4 firms, 155 academicians teaching financial accounting at universities, and 20 staff of government agencies. Based on the 181 usable responses, the study obtains the following findings. First, impediments to the adoption of IFRS include legal environment, the difference between tax regulations and financial accounting, the company’s attitude toward disclosure of financial information, firm size, the difference between Taiwanese GAPP and IFRS, the extent to which accountants understand IFRS, the extent to which auditors understand IFRS, understandability of IFRS, and the extent that IFRS can adjust to local environments. The facilitators include the proportion of firms engaging in cross-boarder business, and the percentage of institutional investors in the security market. Overall, the respondents are reserved about comprehensive adoption of IFRS at the moment.